Ej Lopez
Our claim of economic development above the thrust and ambition of becoming an economic tiger seems not to augur well with a current news bulletin of economic significance (or is it insignificance?). A few days back, according to a US-based think tank, the Philippines ranks 67th out of the 89 most miserable countries of the world. Primary to the Philippine inclusion in this infamous index is the growing unemployment rate in the country over recent years. This has been complemented by the fact that the April 2014 inflation rate climbed to 4.1 percent from 3.9 percent in March, which is much higher than the 2.6 percent recorded in the same period last year.